September 24, 2020

Huawei warns China will strike back against new US restrictions

Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which dealt a blow to its overseas sales in 2019, and predicted the Chinese government would retaliate against the United States.

The world’s largest maker of telecoms equipment issued the warning as it reported its weakest annual profit growth in three years. It said Beijing could hit back against US measures to restrict chip sales to Huawei, by restricting sales of American products in China and by shifting to alternative suppliers in China and South Korea.

“The Chinese government will not just stand by and watch Huawei be slaughtered on the chopping board,” Chairman Eric Xu told reporters at the launch of Huawei’s annual report.

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